Intuit’s support for young entrepreneurs in the UK was recently acknowledged with a royal invitation to Buckingham Palace for the Start-Up Loans student ambassador reception.
Intuit was invited to Buckingham Palace for a royal reception, hosted by Prince Andrew, to appoint the first student ambassadors to the programme. These students will help foster the innovation evident in universities across the country and encourage students who wish to start a business to apply for a Start-Up Loan.
Start-Up Loans provides affordable loans and business training to young people living in the UK and looking for support to start a business. With Intuit’s backing, it also provides all recipients with two years’ free access to QuickBooks Online Essentials.
Mark Little, UK managing director, said:
“There’s a need to transform the British economy into one where entrepreneurship flourishes and employment grows. Important to this transformation is start-up capital and mentorship, where Intuit plays a pivotal role by providing QuickBooks Online Essentials to help recipients through the first vital stages of their business.”
A magical day
Of the reception, which was attended by Mark Little and Sally Revell, marketing leader, Little said:
“It was a magical day. Driving through the front gates of the grand entrance, walking the red carpet, being escorted up the Palace stairways, then down the long gilded hallway to the most famous Throne Room reserved only for very special occasions. Finally, being welcomed by the Prince into his home.”
Helping businesses survive and grow
Start-Up Loans is backed by private enterprise, government funding and a network of partners who work with young entrepreneurs to develop their business plan and match them with mentors and other sources of support. Earlier this year, Prime Minister David Cameron announced that the loan fund was being extended to £112 million and the age limit was being increased to 30.
Sally Revell said:
“We expect to see 3,000 loan recipients by the end of the month and 30,000 over the next three years. Start-Up Loans is a fantastic initiative and vital to it is that each recipient also has the right systems in place to help them survive and grow.”